05/27/2026 | Press release | Distributed by Public on 05/27/2026 14:38
|
Issuer:
|
Veralto Corporation ("Veralto")
|
|
Legal Format:
|
SEC registered (No. 333-282816)
|
|
Issue:
|
4.850% Senior Notes due 2032 (the "Notes")
|
|
Ratings*:
|
Moody's: Baa1 (Stable Outlook)
S&P: BBB (Stable Outlook)
|
|
Principal Amount:
|
$725,000,000 in aggregate principal amount
|
|
Issue Price:
|
99.996% of principal amount
|
|
Record Dates:
|
January 1 and July 1 of each year
|
|
Trade Date:
|
May 27, 2026
|
|
Settlement Date:
|
June 1, 2026 (T+3)
It is expected that delivery of the Notes will be made against payment therefor on or about June 1, 2026, which is the third business day following the date hereof (such settlement cycle being referred to as "T+3"). Under Rule 15c6-1 under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), trades in the secondary market generally are required to settle in one business day unless the parties to any such trade expressly agree otherwise. Accordingly, purchasers who wish to trade the Notes before the business day prior to June 1, 2026 will be required to specify alternative settlement arrangements to prevent a failed settlement.
|
|
Use of Proceeds:
|
Veralto estimates that the net proceeds of this offering will be approximately $720.6 million after deducting the underwriting discount. Veralto intends to use the net proceeds of this offering for general corporate purposes, which may include, without limitation and in its sole discretion, refinancing of outstanding indebtedness, working capital, capital expenditures and satisfaction of other obligations.
|
|
Maturity Date:
|
January 15, 2032
|
|
Coupon:
|
4.850%
|
|
Benchmark Treasury:
|
3.875% due April 30, 2031
|
|
Spread to Benchmark Treasury:
|
+67 basis points
|
|
Benchmark Treasury Price and Yield:
|
98-21; 4.179%
|
|
Yield to Maturity:
|
4.849%
|
|
Interest Payment Dates:
|
Semi-annually on January 15 and July 15, commencing on January 15, 2027
|
|
Redemption Provisions:
|
|
|
Make-whole call:
|
At any time prior to December 15, 2031, at a discount rate of Treasury plus 15 basis points
|
|
Par Call:
|
On or after December 15, 2031
|
|
Denominations:
|
Minimum denominations of $2,000 and integral multiples of $1,000 in excess thereof
|
|
Joint Book-Running Managers:
|
BofA Securities, Inc.
Citigroup Global Markets Inc.
J.P. Morgan Securities LLC
Deutsche Bank Securities Inc.
HSBC Securities (USA) Inc.
RBC Capital Markets, LLC
|
|
Co-Managers:
|
Barclays Capital Inc.
BNP Paribas Securities Corp.
Scotia Capital (USA) Inc.
U.S. Bancorp Investments, Inc.
Wells Fargo Securities, LLC
|
|
Listing:
|
Veralto does not intend to apply to list the Notes on any securities exchange.
|
|
CUSIP/ISIN:
|
92338C AP8 / US92338CAP86
|